September 22, 2022
Six banks asked to spend forex business profits for CSR
The six banks are Standard Chartered Bangladesh, Brac Bank, Dutch-Bangla Bank, The City Bank, Southeast Bank and Prime Bank.
September 22, 2022
Trade with India in rupee not feasible
Businesses will not be able to use the Indian rupee for trading with India as the Bangladesh Bank has not enlisted the currency for the settlement of bills for exports and imports.
September 21, 2022
Uttara Finance urges ACC to bar former MD’s travel abroad
Uttara Finance and Investment has requested Anti-Corruption Commission (ACC) to prevent its former managing director, SM Shamsul Arefin, from leaving Bangladesh over his alleged involvement in scams.
September 19, 2022
New headache: Private firms’ foreign loans jump to $26b
The amount of foreign loans availed by the private sector in Bangladesh has been swelling fast since 2020, creating a major headache for the country’s economy at a time when its foreign exchange reserves are plummeting.
September 16, 2022
Bar on ex-MD of FAS Finance from leaving country
The immigration service of Bangladesh Police has imposed an embargo on Pritish Kumar Sarker, a former managing director of the FAS Finance and Investment, from leaving Bangladesh over his alleged involvement in financial scams.
September 15, 2022
FAS Finance’s ex-MD barred from leaving Bangladesh
Bangladesh Immigration Police has barred FAS Finance and Investment’s former managing director, Pritish Kumar Sarker, from leaving the country because of his alleged involvement in financial scams.
September 15, 2022
BB sells USD ignoring market rates
The Bangladesh Bank yesterday sold $40 million to banks at Tk 96 each, a rate that contradicts its own efforts aimed at embracing a floating exchange rate since it is far lower than the market rate.
September 14, 2022
Floating exchange rate takes effect, finally
Bangladesh has finally embraced a floating exchange rate as the central bank adjusted its interbank foreign exchange rate yesterday in line with market realities.
September 13, 2022
Taka falls against USD once again
The taka yesterday depreciated against the US dollar, hitting Tk 96 on the interbank platform as the central bank moved to allow the market forces to determine the exchange rate of the national currency.
September 11, 2022
Banks finally fix uniform rates for dollar
Banks yesterday fixed the buying and selling rates of the US dollar in order to contain the volatility in the foreign exchange market resulting from higher imports than export and remittances earnings.